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Real Estate ‘Flash Sales’ Are Sign of Times

U-T San Diego -- If you’re looking to sell your home, the timing could not be better, as home prices are up in San Diego and demand is at its highest.

Joe Bertocchini of the University of San Diego’s Burnham-Moores Center for Real Estate said the lack of supply in the current market is a contributing factor. The acceleration in the housing market has coined has even coined the term “Flash Sales.”

“We’re seeing homes that are flying off the shelves so to speak, in matter of hours,” said Bertocchini. “Sometimes even within a day, less than 24 hours. We’re pretty stunned by what’s going on out there.” (Full Story)